News provided by Nov 15, , 09:03 ET Share this article NEW YORK, Nov. 15, /PRNewswire/ -- Uni-World Capital, a private equity firm focused on buy-outs and growth capital investments in the lower middle market, today announced the formal renaming and re-branding of the firm's investment manager as "Verus Investment Partners®", doing business as "Verus" or "Verus Private EquitySM". Verus Investment Partners is engaged in the business of private equity fund management, focusing on making investments in operating companies headquartered in the United States and Canada. Since its formation in , Uni-World – now Verus Private Equity – has deployed over $50 million into five consumer products, business services and manufacturing platform companies. Christopher P. Fuller, co-founder and managing partner of Verus Investment Partners, said, "Our core principals are to be true, honest and transparent in the investments we make and in our dealings with our partners. We chose the name 'Verus' over two years ago because of the root concept of 'veracity' in making investments and adhering to our established investment philosophy. " In August, Uni-World Capital sold its portfolio company CAPS Payroll, Culver City, CA, a leading provider of payroll services for the entertainment industry, to Cast & Crew, Burbank, CA, for an undisclosed price. Erik S. Miller, Verus co-founder and partner, said, "We invested in CAPS in , recapitalizing the business in partnership with the company's founding partners to provide capital for enhanced technology and accelerated growth that would take the company to a higher level of efficiency, productivity and profitability. This investment, which alone returned more than the size of our first fund, bears witness to the kind of success offered in the lower middle market where providing capital for growth – instead of just cost cutting – helps small and mid-size businesses flourish. " Verus Investment Partners' current portfolio includes the following companies from its debut fund, Uni-World Capital I: Pittsburgh Brewing Co., Pittsburgh, PA – maker of Iron City beer; acquired in Preferred Fragrance, Newburgh, NY – developer of proprietary and licensed fragrances; recapitalized in VanDeMark Chemical, Inc., Lockport, NY – producer of phosgene and phosgene derivatives; jointly acquired in Drake Manufacturing Services Co., Warren, OH – manufacturer of precision machine tools; recapitalized in Fuller concluded, "We founded our firm with a tight focus on the lower middle market in the U.S. and Canada with a sub-concentration on consumer products, manufacturing and technology- enabled business services. Although our name has changed, we are not changing our investment discipline and, as Verus, we remain focused on buying and investing in those lower middle market companies where our team and Advisory Board can bring clear value to grow both the top and bottom lines. " About Verus Investment Partners Verus Investment Partners, formerly Uni-World Capital, is a New York-based private equity firm focused on making leveraged buyout and growth equity investments in lower-middle market companies. The firm seeks to partner with management teams where it can leverage the Verus Private Equity team's collective business experience, corporate relationships and strategic and financial expertise in order to help enhance a company's strategic positioning and drive profitable growth. More information can be found at www.veruspartners.com . To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/uni-world-capital-to-become-verus-investment-partners-.html SOURCE Verus Investment Partners
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Drake understands how to get the highest possible levels of performance and quality in precision components machined from advanced thermoplastics. In part, this know-how is related to what we’ve learned from extruding these materials into the stock shapes that go through our machining operation. Over the years we’ve developed extrusion technology that avoids degradation, manages fiber-orientation and minimizes camber; factors that contribute to high quality machining and machined part performance. Material properties differ somewhat between the linear and transverse dimensions in extruded shapes. This is especially pronounced in glass fiber or carbon fiber reinforced polymer formulations. Our knowledge of an advanced thermoplastic’s properties behavior in rod, plate or Seamless Tube helps us determine the best way to machine components for optimum dimensional control and performance in use.
To support our high standards for quality, consistency and productivity, we employ the most current machine tools including 5-axis CNC milling, Live Tool equipped lathes, and exclusively use PDC tooling to deliver the best surface finish and tightest tolerances possible.
Our investment priorities are also weighted heavily toward reliable service and delivery. Capacity planning is largely driven by close collaboration with customers on their original equipment production schedules and maintenance and replacement cycles. It is also built on a commitment to ensure the turn-around time customers require for unplanned but typical emergency requirements.
All Drake Torlon PAI machinable stock shapes go through our post-curing processes to achieve their full performance potential. Our post-cure protocol brings Torlon PAI’s typical core Tg (glass-transition temperature) midpoint value to 540°F (282°C). During post-curing, the PAI polymer chains extend and optimize the material’s toughness, wear resistance and mechanical properties. These high performance levels are then inherent in parts machined from Drake’s Torlon PAI rod, plate and Seamless Tube.
Some applications benefit from a secondary post-cure after machining. Re-curing restores the imidized outer layer or “skin” that forms on Torlon PAI shapes at high cure temperatures. This outer layer optimizes resistance to wear and chemical attack, which can be a benefit for machined components used in severe service environments.
To support these applications, Drake Plastics frequently consults with customers to recommend, test and deliver re-cured Torlon PAI parts machined from stock shapes. Re-cure becomes part of the drawing or part specification, just like other key attributes of the part to ensure reliable and consistent performance.
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Drake anneals its extruded stock shapes to minimize internal stresses that occur as polymers rapidly change from a hot melt phase to ambient temperature during processing. During annealing, the part or shape is heated to a temperature well above its Tg where the polymer chains can become mobile to one another, relaxing the stress that was induced in processing. Then it is cooled very slowly and uniformly, offering low stress parts that are tough and capable of maintain very precise dimensions.
Drake provides custom annealing of parts machined from advanced polymers on request. It can be useful to achieve specific crystallinity targets or highly precise dimensional control sometimes necessary for parts with particularly thick or varying cross-sections.
Note: Torlon PAI extruded stock shapes are always post-cured instead of annealed. For annealing to be effective, it must be conducted over the polymer’s Tg (glass transition temperature). This allows for polymer chain relaxation which translates to reduced stress. It is not possible to heat Torlon PAI over its Tg without risk of distortion or blistering. Heating Torlon PAI to its post-cure temperature of 500F/ 260C has a minimal effect on reducing stress because its Tg is even higher. Consequently, Drake Plastics goes to extreme measures to minimize stress in our extruded Torlon PAI stock shapes. Our precisely controlled processes are critical to producing shapes with the lowest possible stress since it cannot be effectively relieved after production.
When machined part production quantities increase significantly but are still below levels that justify precision-tolerance injection mold tooling, molded blanks or near-net shapes that are then finish-machined can serve as an efficient, cost-saving next step. Because they only approximate a part’s actual dimensions, they can be produced in low-cost injection molds, then machined to the specified part dimensions. The reduction in material loss coupled with low-cost molds can result in a far more cost-effective option vs. machining from rod or plate.
For more information: Contact Drake with your part design and quantity requirements.
Drake Plastics’ Quality Management System is certified to the worldwide aerospace standard ASD() as well as ISO :. We apply these rigorous requirements to machined parts and all other products we manufacture, regardless of industry. The key factor behind our ability to meet these standards is our machining team’s experience and drive to achieve the highest possible quality in all production, finishing and service operations. We support their commitment through investments in the best inspection technology that includes:
Certifications: A Certificate of Conformance accompanies all products regardless of polymer composition at no charge. Special testing is also available for a reasonable lab fee.
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